Co-founder and CEO of Twitter and Square, Jack Dorsey tweeted recently saying that he supports Bitcoin. He tweeted that “cryptocurrency is a long-term path towards greater financial access for all.”
“Instant buying (and selling, if you don’t want to hold) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.”
This comes in the wake of Facebook’s January 30th announcement that the company decided to restricts all cryptocurrency ads. The post by Facebook is entitled, “New Ads Policy: Improving Integrity and Security of Financial Product and Services Ads.” It prohibits ads that involve binary options, ICOs or cryptocurrency.
Facebook said it hoped to make it harder for scammers to profit through Facebook. It also lets people or community to report such ads because they are not able to catch all of the ads.
“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”
Mark Zuckerberg has explicitly opined against crypto and millennials addicted to cryptocurrencies. Twitter have just brought itself several more days of interrogation at Congress. However, it explains that’s why a thousand “Russian” retweets cost Hillary Clinton the election.
Meanwhile, there are many chat apps and social media projects willing to use blockchain and cryptocurrencies in future.
Simultaneously, the acceptance of cryptos in society continues. The latest entrant is Line, the chat and payment app with over 40 million users. It has announced plans to start a cryptocurrency exchange.